At the time of his death in 2022, Donald owned a farm (a qualified, closely held business) with a most suitable use value of $5,600,000 and a current use value of $3,920,000. a. If the special-use valuation election is made, Donald's gross estate must include how much as to the farm? 1,120,000 X
At the time of his death in 2022, Donald owned a farm (a qualified, closely held business) with a most suitable use value of $5,600,000 and a current use value of $3,920,000. a. If the special-use valuation election is made, Donald's gross estate must include how much as to the farm? 1,120,000 X
Chapter19: Family Tax Planning
Section: Chapter Questions
Problem 18CE
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